However, mounting global recession concerns would lead to heavy forex broker trading to end the week.Next week could determine the medium term trend for the currency as retail sales, inflation data and a RBA expense decision are on tap The Australian Dollar would gain over 850 pips as the RBA intervened to prop up the currency The country is coming off of an extended growth period and doesn t have banking issues similar to the U.S Add headlines to yourpersonalized My Yahoo Page( About My Yahoo and RSS ) Bearish- Australian Business Confidence slightly improved to -7 from -8 on the back of the 100 bps rate cut by the RBA.- The Australian forex broker Conference Board of Leading Indicators gained 0.4% due to an splay in money supply.- DEWR Skilled Vacancies fell 3.7% in October, As Opening For Doctors and Lawyers fell.The Australian Dollar would gain over 850 pips as the RBA intervened to prop up the currency Bullish fundamental guidebook and a stabilizing of commodity prices also helped add support
Inflation has remained elevated in the country which could give policy makers something to think about If the RBA saw a need to defend it currency then they may decide to limit their easing as another measure to provide support to the Australian dollar A dovish central bank and a the expected decline in employment could eliminate any bullish sentiment that has been building over the past week and send the pair lower Next week could determine forex signals the medium term trend for the currency as retail sales, inflation data and a RBA rate decision are on tap.Fundamental Outlook for Australian Dollar Also, banking a return of risk appetite made the high yielding currency attractive to investors that were seeking a greater return Although the central bank cut rates by 100 bps last meeting and forex signals signaled more to come traders may be a little too optimistic about the aggressiveness of the MPC
